Leadership
US seeks over US$100 million from ship owner and manager in Baltimore bridge collapse
THE United States filed a lawsuit on Wednesday (Sep 18) claiming over US$100 million from the Singapore owner and manager of container ship Dali, which collided into a Baltimore...
US SEC poised to allow half-penny stock pricing
WALL Street’s top regulator on Wednesday (Sep 18) unveiled rules allowing stock markets to price shares in increments of half a penny, rather than the current minimum size of...
Robust dry bulk market drives ship recycling to decade-low
ONLY 45 dry bulk ships have been recycled between January and August 2024 – 42 per cent lower year on year and the second-lowest level in 16 years, according...
US dollar cedes ground to yen ahead of Fed decision
THE US dollar surrendered some of its overnight gains against the yen on Wednesday (Sep 18), as investors tweaked their positions ahead of a policy meeting expected to initiate...
More family offices deploy into risk assets on rising optimism: Citi
MORE family offices (FOs) worldwide are shifting their portfolios to risk assets from cash, amid optimism about the outlook for their one-year portfolio performance.This is despite the interest rate...
Bridgewater’s Dalio and Singapore’s GIC chief cautious on global outlook
RAY Dalio, founder of the world’s largest hedge fund, and Lim Chow Kiat, the boss of Singapore’s sovereign wealth fund GIC are increasingly cautious on the year ahead due...
EU court trims Qualcomm fine to 238.7 million euros
The judge made an “exception to a plea concerning the calculation of the amount of the fine”An EU court on Wednesday (Sep 18) largely upheld an antitrust fine against...
Passenger car COEs all rise; mainstream car and open categories hit new highs for 2024
THE premiums for passenger cars’ Certificates of Entitlement (COE) rose in September’s second round of bidding, with the open category and the category for mainstream cars both hitting new...
